Ministry Share Rebate Scheme
Ministry Share Rebate Scheme
This letter is being sent to all LMA Deans, Chairs and Treasurers.
The Diocesan Board of Finance is constantly looking at ways to recognise those Churches which have worked very hard to pay their Ministry Share contribution during the year and as a result the Diocesan Board of Fimace Executive has agreed to institute a Ministry Share Rebate Scheme for 2024.
At the recent Diocesan Conference Mr Tim Llewelyn, Vice Chair of the Board, announced the new scheme emphasising that the Board had not inflated Ministry Share figures to fund the rebates.
The criteria for the percentage of rebate available are:
- For those Churches which have paid their Ministry Share in full for all four (4) quarters the Board will rebate the sum of 4% of their total contribution.
- For those Churches which have paid their Ministry Share in full for three (3) quarters the Board will rebate the sum of 3% of their total contribution.
- For those Churches which have paid their Ministry Share in full for two (2) quarters the Board will rebate the sum of 2% of their total contribution.
- For those Churches which have paid their Ministry Share in full for one (1) quarter the Board will rebate the sum of 1% of their total contribution.
The scheme relates to payments of ‘full quarters’ or equivalent e.g. if a church has a quarterly Ministry Share of £3,000 and has paid £1,000 in Q.1 and £2,000 in Q.2, they have paid the equivalent of a full quarter.
Completed payments must be made by the 17th of January 2025.
If you or your Local Ministry Area colleagues have any queries relating to the Rebate Scheme, please contact the finance department via email finance.stdavids@cinw.org.uk or Telephone on 01267 236 145.
To assist you some worked examples are set out on the following page.
Thank you very much for your continuing commitment and support.
With very kind regards
Howard Llewellyn
Diocesan Secretary and
CEO of the Diocesan Board of Finance.